Crypto Exchange Coinbase recently released a report, stating that it has become the largest node operator of Etreum Community. Coinbase has a total of 11.42% staked eater, equivalent to about 3.84 million eth (about 6.8 billion $ 6.8 billion). This figure is a large part of the total staked eth of Ethereum and is considered to be an important achievement for coinbase.
Let us know that after winning the ongoing legal battle against SEC, Coinbase is continuously accelerating the operation, under which it was recently announced that Coinbase will launch 24/7 BTC, Eth Futures Buying and SellingThis will be a big step, this will offer new trading opportunities in Coinbase Crypto Market. This step of Coinbase will provide more flexibility and time freedom to Crypto traders in the US.
11.42% staked Eth near Coinbase
Coinbase revealed that until 3 March, it has 11.42% of the total staked ether of Etreum. This information has been revealed from the report of the Crypto Exchange, which has been informed in the expansion of the contribution made on the Etreum Community of Coinbase. The Day by Day Gwei’s host Anthony Sassano said that he has become the largest node operator of Etreum Community due to such a huge stake with Coinbase.
Validator uptime and Participation Price
Coinbase also stated in its report that the uptime of its Etreum Validators was 99.75%, which is more than 99% of its prescribed target. This uptime becomes important when validators have to fulfill the consensus tasks of the Ethereum Community. Coinbase said that an upgrade made in 2024 was behind this performance, which also kept the validators working while repiring Beacon Node.
In addition, Coinbase’s Participation Price was also 99.75%, which is more than 99.52% average of Etreum Community. This means that the validators of Coinbase better completed their tasks and contributed to the stability of the network.
Coinbase and Lido
Even though Lido is a big staking platform, the contribution of the Validators of Coinbase is large. Lido’s platform stakes extensively, but each Node Operator is smaller than coinbase. In this way Coinbase has made its strong place on Etreum Community.
Validators distribution
Coinbase’s validators are divided worldwide. Coinbase said its validators are located in Japan, Singapore, Ireland, Germany and Hong Kong. This global distribution promotes the Decentralization on the Etreum Community, which makes it more safe and reliable.
Increase in the price of ether
After Coinbase’s report, Ethereum Worth Has gained momentum. On 20 March, Eth Wort reached above $ 2,000. In addition, on March 2, Eth touched a high level of up to $ 2,060.73, which shows an increase of 12.3% in the last seven days. Eth quantity addresses have been a major contributor behind the rising prices of Eth, which are now depositing a lot of eth.
Eth Worth Prediction
Although the prices of EthH have increased, some crypto experts believe that the prices of Ethh may also fall. The Vice President of Yuga Labs on March 11 suggested that if the recession persists for a long time, the price of Ethh may fall to $ 200.
Conclusion
Coinbase’s growing effect on Ethereum Community and its validator efficiency is clear that it is making a significant contribution to Ethereum’s network stability and development. In addition, amid rising prices of Etreum, this may be a golden opportunity for investors.
